×

Latin America Brazil

  • *U.S. drought alters typical grain trading patterns- Bunge. CHICAGO, Oct 25- Bunge Ltd shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. drought in more than 50 years.

  • LONDON, Oct 25- International oil company BP, weakened and distracted by its troubles in the United States and Russia, is in danger of losing touch with the leaders in an industry where strength and focus yield the richest pickings. ``I can't help thinking they've sort of lost their way.'' Everywhere you look, they're falling behind, `` said a senior executive of one rival this week.

  • BLOOMFIELD HILLS, Mich.-- TriMas Corp., which makes packaging materials, aerospace components and other engineered parts, said Thursday that its third-quarter net income rose 2 percent, bolstered by acquisitions in Brazil and New Zealand.

  • RIO DE JANEIRO, Oct 25- Brazilian mining company Vale SA plans to sell underperforming assets in a push to control costs and boost profits, executives said on Thursday, a day after reporting weak earnings and a halt to work on a giant iron ore mine in Guinea, West Africa.

  • Oct 25- ConocoPhillips and Occidental Petroleum Corp reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt profits. Conoco had record output in the Eagle Ford basin in south Texas, while Occidental saw strong production of higher-priced crude oil in the Permian Basin.

  • *Large number of Brazil mills still open for crushing. LONDON, Oct 25- ICE raw sugar futures edged above a three-week low on Thursday, although the upside was capped by fast progress in Brazil's harvest and surplus supplies, while coffee and cocoa also moved higher.

  • WINDING ROAD: Hyundai's took a hit to its third-quarter profit after strikes in South Korea limited vehicle production, but its stock jumped after the carmaker said annual output would exceed forecasts.

  • *Grain inventories at major exporters seen at 17- year low. LONDON, Oct 25- The International Grains Council on Thursday cut its forecast for global maize and wheat crops in 2012/ 13, further tightening supplies with grain stocks at the end of the season seen sinking to a five-year low.

  • Chief Financial Officer Clay Williams characterized it as North America playing defense, while the rest of the world played offense. He said the company was building out facilities in Brazil, while selling more well stimulation equipment into the Middle East, China and Russia.

  • *Q3 FF0 $1.99/ share vs Street view $1.92. Oct 25- Simon Property Group Inc reported a 19 percent increase in a key earnings measure Thursday on higher rents and sales at its malls and outlet centers, easily beating estimates, and the real estate investment trust raised its outlook for the year.

  • RIO DE JANEIRO, Oct 25- Brazilian mining company Vale plans to sell underperforming assets in a broad push to control costs and boost profitability, executives said on Thursday, a day after the company posted weak earnings and put a major investment on hold in the West African nation of Guinea.

  • MADRID, Oct 25- Santander, Spain's biggest bank, urged the government to seek an international bailout to reduce borrowing costs for struggling lenders, as writedowns on bad property investments almost wiped out its third-quarter profit.

  • SAO PAULO, Oct 25- Brazil's unemployment rate rose slightly in September despite a pick up in hiring as more people started looking for jobs, government data showed on Thursday. Brazil's jobless rate edged up to 5.4 percent, statistics agency IBGE said, from 5.3 percent in August.

  • *U.S. drought alters typical grain trading patterns- Bunge. CHICAGO, Oct 25- Agribusiness giant Bunge Ltd reported weaker-than-expected third-quarter results and said global grain trading would remain ``volatile and complex'' following the worst U.S. drought in more than half a century.

  • SAO PAULO, Oct 25- Banco Santander Brasil SA posted an 8.5 percent decline in third-quarter profit on Thursday, as rising delinquencies forced the nation's largest lender to boost bad loan provisions.

  • SAO PAULO, Oct 25- Brazil's jobless rate rose slightly in September but continued near record lows, data showed on Thursday, reinforcing the view that Brazil's tight labor market remains well suited to support an economic recovery.

  • *Large number of Brazil mills still open for crushing. LONDON, Oct 25- ICE raw sugar futures bounced off a three-week low on Thursday, although the upside was capped by fast progress in Brazil's harvest and surplus supplies, while coffee and cocoa also edged higher.

  • SAO PAULO, Oct 25- Brazil's jobless rate rose slightly in September to 5.4 percent, up from 5.3 percent in August, the government's statistics agency IBGE said on Thursday. September's unemployment rate had been expected to be 5.3 percent, according to the median forecast of 31 economists surveyed by Reuters. The estimates ranged from 5.0 percent to 5.4 percent.

  • *Recurring profit slumps 8.5 pct to 1.5 bln reais. SAO PAULO, Oct 25- Banco Santander Brasil SA posted an 8.5 percent decline in third-quarter profit on Thursday, as rising delinquencies forced the nation's largest lender to boost bad loan provisions.

  • LONDON, Oct 25- Britain rebounded strongly from recession in the third quarter, posting its strongest quarterly GDP growth in five years, boosted at least in part by robust Olympics spending, official data showed on Thursday. But it was still much better than expected and may mean Britain's full 2012 economy will not be in the red.